Versor Investments LP Purchases New Stake in Weave Communications, Inc. (NYSE:WEAV)

Versor Investments LP acquired a new position in shares of Weave Communications, Inc. (NYSE:WEAV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,529 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds have also added to or reduced their stakes in WEAV. Quarry LP purchased a new stake in shares of Weave Communications during the 3rd quarter worth approximately $45,000. US Bancorp DE bought a new stake in Weave Communications in the 3rd quarter valued at about $107,000. Los Angeles Capital Management LLC purchased a new stake in Weave Communications during the fourth quarter valued at about $162,000. PDT Partners LLC purchased a new stake in Weave Communications during the third quarter valued at about $200,000. Finally, Silverleafe Capital Partners LLC bought a new position in Weave Communications during the fourth quarter worth about $206,000. Institutional investors own 86.83% of the company’s stock.

Weave Communications Trading Down 4.0 %

Shares of WEAV opened at $12.09 on Tuesday. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The stock has a market cap of $879.80 million, a PE ratio of -31.00 and a beta of 1.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $15.92 and its 200-day moving average price is $13.97.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The firm had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.23 million. On average, equities analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Weave Communications

In related news, CFO Alan Taylor sold 4,182 shares of Weave Communications stock in a transaction on Friday, December 20th. The shares were sold at an average price of $16.03, for a total value of $67,037.46. Following the transaction, the chief financial officer now owns 283,516 shares in the company, valued at $4,544,761.48. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett T. White sold 54,778 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $868,779.08. Following the completion of the sale, the chief executive officer now directly owns 1,928,364 shares of the company’s stock, valued at approximately $30,583,853.04. This trade represents a 2.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,162,759 shares of company stock valued at $18,056,448 in the last 90 days. Corporate insiders own 36.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated a “strong-buy” rating and issued a $20.00 price objective (up from $17.00) on shares of Weave Communications in a research note on Friday, February 21st.

Weave Communications Profile

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.